I doubt many are actually making a real profit in this area flipping properties.Personally I think house hacking is the best way to get started, have someone help you buy and pay down your property.The whole buy and hold mentality gives you more room to make a mistake and not have that mistake sink you.

Air Flow - There is a window in the room and I have been advised that an AC unit can be added to this to keep the room cool 2.

I introduced myself a few months ago with a short story on my BRR GRAND SLAM property in a neighborhood that became a hipster paradise shortly there after.

. $550k sounds like a not bad deal to flip, but not too much room to make money off the rent.

They aren't in business to pay for repairs, but to collect your money. in our market its pretty much standard that all agents representing a buyer will ask for this and I am like you... sure thing.. its just the cost of doing business.. and I also pay for a 2 10 on the new homes I build.. again gives buyer comfort and those are less than a grand. so you can see what kind of things go wrong on a house that cost 300k to build and it only cost less than 1000 to insure those things for 10 years..

I know you have $40,500 but does that leave any room for errors/uncovered items/time delays?

He’d like me to proceed in investigating this option...Thank you for all who are able to help...Park: $649k18 pads , 13 owned homes, room for expansion.

:)This is why I just cringe at the thought of people thinking they are going to save a few grand in these neighborhoods building their so called team and doing remote rehab.. its tough enough when you live there much less trying to do this from across the country.. 

My college friend from Indianapolis purchased a$60K home in the Speedway area, and within a few short years, he was able to pay off his mortgage, generate cash flow via renting rooms, and his home appreciated in value. 

Also cant forget the man named Merlyn that almost lost his gold hooped earring while flailing his short arms due to a remarkably low offer that I nervously spoke aloud In his dimly lit floorless living room.